Answer:
False
Explanation:
According to Michael Porter in an industry the larger the number of competitors the larger the number of equivalent products, and the less the power of the company to increase price of its products. This is because there are wide range of products that can substitute theirs.
On the other hand when there is weak competition, the number of subsititute products will be low and the company can increase price and make profit.
So the argument that the weaker each of the competitive forces, the more limited companies are in their ability to raise prices and earn greater is false.
Answer:
b. As income increases, the quantity demanded of food decrease
Explanation:
food weights for individuals whose income is sufficient enought to keep them healty and feed will not increase their food consumption much else. That's because, their already have it covered and want to saisfy new needs
The demand for food is only high at low levels of income.
Answer:
overapplied by $19,100
Explanation:
The calculation of manufacturing overhead for the year is shown below:-
Manufacturing overhead cost applied = Actual direct labor hours × Predetermined overhead rate
= 20,200 × $8
= $161,600
Manufacturing overhead for the year = Actual overhead - Applied overhead
= $142,500 - $161,600
= $19,100 overapplied
So, for determining the manufacturing overhead for the year we simply applied the above formula.
An analysis of unemployment rates in sweden can be described as an application of: <u>macroeconomics</u>
<h3>What is unemployment rates?</h3>
Unemployment rate can be defined as the percentage of people that are unemployed or percentage of people searching for job.
On the other hand macroeconomics tend to focus on the economy of a country when it comes to inflation rate, unemployment rate, government spending, national output among others.
Macroeconomies is important based on the fact that it is centre on how a country economies performance and growth is at a particular or specific period of time.
Therefore An analysis of unemployment rates in sweden can be described as an application of: <u>macroeconomics.</u>
Learn more about Unemployment rate here:brainly.com/question/13280244
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Answer:
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